Posted on: 02nd Jan, 2012 02:33 am
My home will be getting foreclosed soon and I’m fighting to stop it. When I checked my County Registrar’s Office and the lender listed on my deed is not the one I have been making payments to. I think my mortgage was sold immediately after I bought the house. What are my options?
Hi kitten,
You should contact a real estate attorney and discuss your situation with him. You may be able to file a lawsuit against the lender and stop the foreclosure. The real estate attorney will better guide you in this regard.
Thanks
You should contact a real estate attorney and discuss your situation with him. You may be able to file a lawsuit against the lender and stop the foreclosure. The real estate attorney will better guide you in this regard.
Thanks
Hi kitten,
Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien".
:idea:
Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien".
:idea:
Your original lender who funded your loan was on the original deed. The loan was then sold. The original deed does not change. The note should follow with the lender sale to each other. Contact your lender and demand to see the promissory note that you signed stating you are the obligator to the debt.
